Chinaccelerator Daily Digest 5/16/2019

Overseas:

1. The Most Recent Startup Investments Over $250 Million In 2019, Including Impossible Foods, Megvii and Carta

2. American Express is acquiring a CRM and reservation platform Resy

3. Instacart and Whole Foods officially part ways, and the CEO says he’s ready

4. Madrona Venture Labs raises $11M to build companies from the ground up

5. WeWork is starting a $3 billion fund to buy stakes in buildings and rent them back to itself

6. Warren Buffett’s Berkshire Hathaway reveals $900 million Amazon stake

7. Tealium, a big data platform for structuring disparate customer information, raises $55M at $850M valuation

8. Karat nabs $28M led by Tiger Global to grow its human-powered online interview platform for engineering jobs

9. With $12 million more in the bag, the furniture subscription service Feather heads to Los Angeles

10. Alphabet is funding a new way to reduce heart disease, the leading cause of death in the US

11. Mindset Matters: How Venture Capitalists Are Reshaping The Landscape Of Mental Health

 

China:

1. China’s PC gamers will exceed US population in 2023 with around 354 million PC online gamers: report

2. Alibaba returns to growth with revenue up 51% to $13.9 billion

3. Tencent profit tops forecast as its fintech and business services to eclipse smartphone games for the first time

4. Hello TransTech (formerly Hello Bike) seeking up to $1 billion in new round of financing

5. Kr Space 氪空间 announced the completion of 1 billion yuan financing, led by IDG Capital, Gefei Assets 歌斐资产, and Yixing Capital 逸星资本

6. Qianyuan Medicine 葆元医药 received 1 billion yuan from its series A round, the funding will be used for further research and development of new anticancer drugs

 

Cross border:

1. VC firm Accel closes $575M fund to double down on European and Israeli Series A deals

2. HK-based Hillhouse Capital backs $60m investment into US fintech firm Trumid

3. How Google’s Work With Motorbike Riders In India Demonstrates Its Plan For Emerging Markets

 

Emerging Market:

1. Tokopedia introduces fulfillment service TokoCabang as part of its goal of becoming an internet-as-a-service (IaaS) platform

2. Singapore travel wallet YouTrip raises $25.5m in pre-series A round

 

 

Image credit: Inc42

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